First Time Borrower Loans
Finance Solutions for Young Australians Under 25
Getting Your First Car Loan?
We Help Young Australians Understand Their Options.
Applying for your first car loan can feel confusing, especially if you’re under 25 and have never borrowed money before, we believe your first loan should help build your financial future, not damage it.
You might be wondering:
- Will I get approved with no credit history?
- Does my age affect my chances?
- Can I apply while on probation?
- What credit score do I need?
- How much deposit do I need?
- Will applying hurt my credit score?
At Royston Finance, we help first-time borrowers and young Australians understand their finance options clearly before applying.
Whether you are buying your first car, upgrading from your first vehicle, or simply trying to build your credit profile properly, we are here to help.
Why First-Time Borrowers Get Declined
Many young Australians assume:
“If I have a job, I should get approved.”
Unfortunately, lenders often assess much more than income.
First-time borrowers may face challenges such as:
- No credit history
- Limited savings history
- Boarding with parents
- Casual or probation employment
- Buy Now Pay Later accounts
- Higher than normal living expenses
- Applying with the wrong lender
- Multiple recent credit enquiries
The good news is that many lenders still support first-time borrowers however, choosing the right lender matters.
Casual Employment or Probation?
Many Australians under 25 are:
- Starting their careers
- Apprentices
- Casual employees
- Recently promoted
- Working part-time while studying
- On probation periods
While some lenders are stricter than others, there are lenders who may still consider applicants in these situations depending on:
- Industry stability
- Time in employment
- Income consistency
- Deposit size
- Overall affordability
We Protect Your Credit Score
One of the biggest mistakes first-time borrowers make is applying through multiple dealerships or online lenders too quickly.
Unfortunately, too many credit enquiries can affect your credit score and reduce future borrowing power.
Most people do not realise that applying with the wrong lender can lead to:
- unnecessary declines
- multiple credit enquiries
- damage to your credit file
At Royston Finance, we do things differently.
Our approach:
- No “shotgun” applications
- We only apply to lenders that accept your visa
- We carefully select the right lender first
- No unnecessary credit enquiries
- No applying “just to see what happens”
We only submit applications when we believe there is a realistic chance of approval.
Been declined by a bank?
Just arrived and unsure what is possible?
We deal with these situations every day.
Just because one lender says no does not mean approval is impossible.
Different lenders assess:
- Your age
- lending history
- Employment history
- Income structure
- Credit profile
Knowing where and how to apply can make a significant difference.
Why Young Australians Choose Royston Finance
Many first-time borrowers feel overwhelmed by finance jargon, hidden costs, and confusing lender rules.
We focus on educating young Australians to help them understand their options clearly before applying.
What Makes Us Different
- Access to 30+ lenders
- Support for first-time borrowers
- Soft credit checks available
- Australia-wide service
- Honest upfront guidance
- Help understanding your borrowing power
- Friendly, non-judgemental support
Fast Approvals
Many customers receive approvals within 24–48 hours, depending on the lender and supporting documents required.
Competitive Finance Option
Many first-time borrowers can access good market rates.
Flexible Lending Solutions
Options may be available even if:
- you recently started employment
- you have limited Australian credit history
- you have been declined elsewhere
We focus on protecting your credit file and only proceed when we believe the application is right.
Trusted Across Australia
⭐️⭐️⭐️⭐️⭐️ Over 170 genuine 5-star Google reviews
Award-winning finance brokerage
Managing Director Ian Brown was named Lenders’ Choice Broker of the Year 2025 for the Queensland region.
Before You Apply — Quick Eligibility Guide
You may qualify if you:
✔ Are permanently employed in Australia or starting soon
✔ Can provide payslips or an employment contract
✔ Casual employment for 3+ months may be considered
✔ Are looking to purchase within the next 30 days
If you are unsure whether you qualify, we recommend speaking with us before applying.
Eligibility checks available with no impact to your credit score.
Applications are typically reviewed within 24 hours.
Asset Finance
Finance available for:
- new and used cars
- motorcycles
- caravans
- camper trailers
- boats
- jet skis
Features:
- Flexible loan terms
- Options for limited credit history
- Day 1 employment options available
- Private sales accepted
Novated Leasing
- New or used vehicles up to 10 years old
- Flexible terms available
- Refinancing and private sale options
- ATO-compliant structures available
- Fuel cards and servicing packages available
Car Subscription
A good option for customers who may not yet qualify for traditional car finance.
- We can refer you to our trusted partner Karmo for an exclusive discount.
- Good option for non eligible car loan customers
- Easy application process
Personal Loans
Very much on a case by case basis, please call our team on (07) 3916 9440 to discuss your circumstances and reason for loan before applying.
Secured and unsecured options
Business Finance
Finance available for:
- vehicles
- equipment
- technology
- business assets
Options available for:
- ABN holders
- Easy Doc applications
- Full Doc applications
What Happens After You Enquire?
We believe finance should be clear, straightforward, and transparent.
Step 1 — Initial Discussion
We learn more about your situation and finance goals.
Step 2 — Obligation-Free Assessment
We review your circumstances and complete a soft credit review with no impact on your score.
Step 3 — Lender Selection
We recommend lenders and products suitable for your situation.
Step 4 — Quote & Review
We explain the recommended option clearly before proceeding.
Step 5 — Submission & Approval
Applications are submitted only once you are comfortable proceeding.
Step 6 — Settlement
We guide you through settlement and keep the process as smooth as possible.
Transparent Fees & Costs
At Royston Finance, transparency is important to us.
Brokerage Fees
Our brokerage fee ranges from $500 to $1,495 depending on the loan amount financed.
This fee supports:
- lender research and selection
- application preparation
- approval management
- settlement support
- ongoing customer guidance
The exact fee is always disclosed and agreed before proceeding.
Other Costs
Depending on the lender, there may also be:
- application fees
- monthly account fees
- early repayment fees
All fees and charges are explained clearly before any paperwork is signed.
No surprises.
Avoid Common Pitfalls
Most brokers and dealerships have little experience with first-time borrowers and send applications to the wrong lenders everyday, often without completing the correct checks which will often result in a decline or further information being require and can damage credit scores and new credit files.
At Royston Finance we know exactly what is needed upfront and which lenders will accept your application whilst matching you to the most competitive payment available without the guess work.
We will work with you to find the best deal as being rate driven is not always the best approach.
Some lenders charge monthly account keeping fees and dazzle customers with lower rates when in fact it costs the customer more overall.
Communication You Can Rely On
We understand waiting for finance approval can feel stressful.
That is why we commit to:
- Fast response times
- Regular updates throughout the process
- One dedicated point of contact
- Clear and honest communication
If Things Don’t Go to Plan
- Complaints – If you are not happy, we have a simple complaints process (explained here). We aim to resolve issues within 5 business days.
- Hardship – If your circumstances change (job loss, illness, etc.), let us know right away. Many lenders offer payment pauses or temporary arrangements, and we’ll guide you through it.
Trusted Across Australia
⭐️⭐️⭐️⭐️⭐️ Over 170 genuine 5-star Google reviews
Award-winning finance brokerage
Managing Director Ian Brown was named Lenders’ Choice Broker of the Year 2025 for the Queensland region.
Ready to Get Started?
📞 Call us on (07) 3916 9440
💻 Complete an eligibility check with no impact to your credit score.
We are here to help make your first loan easier and less stressful.
Listen to our podcast with The Down Under Centre!
Our Managing Director, Ian Brown recently joined our partners at The Down Under Centre to chat about his journey from the UK to Australia and why he started Royston Finance.
In this episode of the Migrating to Australia podcast, host Lisa Chambers chats with Ian who shares his inspiring journey from the UK to Oz, as well as how Royston Finance can help Migrants.
Available to listen to on Spotify, Apple podcasts, Youtube and Youtube music
Frequently Asked Questions
Please reach us at office@roystonfinance.com.au if you cannot find an answer to your question.
Absolutely, many of our lenders will approve applications even if you’ve been in your role for less than 3 months.
Not always.
Some lenders may still consider low or no deposit applications depending on:
- Income
- Employment stability
- Credit profile
- Vehicle type
- Loan amount
However, a deposit may improve approval chances and reduce repayments.
Not at this stage, we understand your situation, we protect your credit file, and we won’t apply unless it’s right.
Potentially, yes.
Many first-time borrowers have little or no credit history because they have never borrowed money before.
Some lenders may still consider applicants with:
- Stable income
- Good bank account conduct
- Consistent employment
- Genuine savings
- Strong affordability
No credit history is not always the same as bad credit.
Age itself is not always the issue, but younger borrowers often have:
- Shorter employment history
- Living at home with parents
- Limited savings
- No previous borrowing history
- Casual or probation employment
Some lenders are more flexible than others when assessing applicants under 25.
Potentially, yes.
Some lenders may still consider applicants under 21 depending on:
- Employment stability
- Income
- Savings history
- Deposit size
- Overall affordability
Every lender has different criteria.
Potentially, yes.
Some lenders may consider apprentices depending on:
- Income stability
- Time in employment
- Industry type
- Deposit size
- Existing expenses
Apprentices with stable employment and good account conduct may still have finance options available.
Potentially, yes.
Some lenders may consider casual workers where applicants have:
- Consistent income
- Stable hours
- Time in current employment
- Good bank account conduct
Lender policies vary significantly for casual employment.
Potentially, yes.
Many lenders we work with support private sale purchases, subject to normal lending criteria and vehicle requirements.
It depends on the lender.
Some lenders may still consider applicants within probation periods, especially where employment and income are stable.
Factors such as industry, employer, and overall affordability may also be assessed.
Some lenders charge early repayment fees, others don’t. We clearly outline these costs before you commit.
Many applications are processed quickly, often between 24-48 hours once all required documents are submitted, however, we may require more information and will require you to be available for a call with our brokers. If you do not respond, this time frame could change.
Being declined previously does not always mean you cannot be approved elsewhere.
Different lenders assess applications differently.
It’s important to understand why the decline occurred before applying again to avoid unnecessary credit enquiries.
Potentially, yes.
Many first-time borrowers have never previously had:
- Car loans
- Credit cards
- Personal loans
- Mortgage history
Some lenders are experienced in assessing applicants who are building their credit profile for the first time.
Absolutely, depending on purpose, we can help with finance for cars, motorcycles, caravans, trailers and more.
Let us know as soon as possible. Many lenders offer hardship provisions, payment pauses, or restructuring. We’ll help you navigate these options.
21 Ingleston Road, Tingalpa QLD, Australia
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Tel - (07) 3916 9440
21 Ingleston Road, Tingalpa Queensland 4173, Australia (Australia wide service)